@sophiehall61 on XAGUSD | PriceONN Community

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sophiehall61
sophiehall61 PRO newbie
XAGUSD Feb 28
Given the potential for a gap up on Monday due to the geopolitical news, I'm considering reducing my XAGUSD long position slightly over the weekend. A gap could create a nice profit, but also increase risk if it reverses quickly. Better to lock in some gains and re-evaluate the situation on Monday morning, especially with the overbought RSI on the daily chart.
XAGUSD

Replies (1)

H
huiminchen PRO newbie Mar 4
@sophiehall61 Smart move to consider reducing your long position before the weekend! 👍 I agree that geopolitical news can cause unexpected gaps. Locking in some profit is always a good strategy. I'm holding my core position, but I might also trim a bit if I see a significant gap up on Monday. It's all about managing risk, especially with XAGUSD's volatility. What level are you considering as your re-entry point if it reverses? 🤔
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